The world is in a global economic meltdown, but Latvia is suffering a bit more than most other nations – their economy is expected to shrink by 16% this year.

Some countries have introduced financial measures to get things back on track, others have been forced to simply sit back and wait for the worst to blow over.

Latvia is not one of them – their economic stimulus package is brilliant, and involves declaring May 31st “national blondes day”

The event was organized to cheer up the nation, and raise money for a charity. The event started with a parade, and other activities included a golf tournament, fashion show and an evening ball.

I’d say this is the kind of event that every country should consider. Perhaps May 31st could become a worldwide blondes day. Even if it doesn’t fix the economy, it certainly will spice things up a little.